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E46 (1999 - 2006) The fourth generation 3 Series (E46 chassis) was introduced in 1999 and set the standard for engineering and performance during it's years of production including being named to Car & Driver's 10 best list every one of those years! ! -- View the E46 Wiki

Thanks for all the replies guys. Just one quick thing though, allow yourselves sometime, you wouldn't want to rush the painting as it is as easy as it is detailed, specially when working around the pads. btw, no Pink please !!!!

Technically speaking, the best color is flat black, since that dissipates heat best.

Too bad that, regardless which color you choose, they will be brake dust colored in no time

When I did mine on my Z3, I took them complete off the car and completely cleaned them up before I did any painting.

The Z is Topaz Blue Metallic so I did them in a blue that closely matches that color. Behind the chrome wheels they look pretty good, and since I'm using a carbon pad they haven't gotten too messed up by brake dust.

To me, it was worth taking them off the car to do it. Plus, I just flushed the brake fluid after putting them back on.

I have no clue about color properties so I can't really favor black or "pink" but Silver looks as close to the original as it gets. I'm already planning on painting the whole thing when the brakes wear off maybe then I might even venture to bleed the lines...